Loading...
 
Share this Job

Deputy Product Development Environmental Liability-North America - New York/Remote (Tri-State Area)

Job Level:  Professional
Location: 

Remote, IL, US, 60606 New York, NY, US, 10005

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office
Employment Type:  Permanent
ID:  3961

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.

Job Purpose:

The role will support the efforts and execution of the Product Development strategy for North American Liability as led by the Regional Head of Product Development for Liability NA in collaboration with the Regional Head of Liability NA and as supported by the Global Liability Head and Global Product Development.  The role will support the efforts to strategically drive the innovation and execution of refreshed or new product offerings as well as customized wording for specific accounts. The role will work collaboratively with our Underwriting, Claims and Legal teams to create and define a market leading presence for product innovation in the Liability sector.  The role will primarily support the Environmental Impairment Liability team, and assist with primary, umbrella, excess, and international and environmental products.

 

Responsibilities:

In this role you will…

  • Develop, implement and modify products (LoB specific or cross-line) and standard wordings, and coordinate Liability product-specific organizational matters with PCs, Regions etc.
  • Ensure global knowledge sharing with regard to special products/enhancements and specific underwriting knowledge for Liability Products.
  • Develop and define North American Product Strategy in accordance with the underwriting strategy as defined by the Regional Liability Head and as supported by the Global Liability Head.
  • Represent CUO Liability internally and externally to customers, brokers, the industry, and other organizations.
  • Drive involvement of functional areas (e.g., other LoB teams, Claims, Legal and Market Management).
  • Actively support Liability-specific projects and task forces.
  • Provide support for special products.
  • Identify litigation trends, coverage trends, and market developments, including market potentials and clients.
  • Monitor new (legal) developments, coordinate and steer regional/country issues (e.g., liability and insurance law development).
  • Make suggestions for Underwriting authorities for special products to Head of Liability and sub-Lob heads.
  • Enhance and refine underwriting of products during the introduction period (including claims monitoring, sales support and portfolio monitoring).

 

To be successful in the role:

You will have….

  • Significant experience in drafting policy wording for environmental products;
  • Demonstrable track record in product development;
  • Comprehensive technical knowledge of Liability products, coverages, underwriting practices, pricing processes and sales distribution channels;
  • Ability to develop, implement and communicate strategies to address important trends or changes in the business;
  • Ability to assess risk inherent exposures and hazards relevant to Liability;
  • Assist the Regional Head of Liability in analyzing trends and scenario plans with respect to the product;
  • Design, develop and implement consistent, robust contract wordings;
  • Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance in product wordings, including specific terms and conditions;
  • Ability to analyze highly complex contracts and underwriting principles;
  • Identify and resolve issues before they transpire;
  • Ability to develop framework from product genesis to completion while communicating with key stakeholders;
  • Ability to express ideas and messages clearly and with impact, both written and verbally;
  • Ability to develop and meet Key Performance Indicators for Product Development in connection with portfolio; and
  • Juris Doctorate degree.

Here are a few reasons why you should join AGCS:

  • Hybrid working model, which recognizes the value in a balance between remote and office-based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialized colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies/initiatives to support a positive work life balance
  • A competitive compensation and benefits package including generous bonus scheme 
  • A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture where you will be accepted for who you are and empowered to use your voice to help others find theirs

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals.  Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.

In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders.

This  is  an  exciting  time  to  join  AGCS  as  we  continue  on  our  journey  of  transformation, regaining market leadership  and  achieving  success  together.  You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.

Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.

 

Let’s care for tomorrow.


Nearest Major Market: Chicago